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Buying
real estate in the Netherlands
When you find a suitable freehold property in the Netherlands a purchase agreement
should be drawn up binding both parties. A notary will often be used for this.
The sale is transferred under separate contract by an official notary who will
conduct searches at land registry and register new ownership.
It is also possible to enter into an option right to buy a property or have
the first right of refusal on that property.
Solicitor / Lawyer
It is advisable to use a solicitor/lawyer or notary to draw up initial contracts
and liase with the official notary.
Fees
Legal transfer costs should amount to a tax of 6% of the properties market
value or purchase price, collected by the notary on completion and this can
also apply to property stock holdings.
Notary fees will be around 1.5% and will incur V.A.T on top at the current
rate of 17.5%.
Real Estate Agent fees will vary between 1.5-2.5%.
When V.A.T has been charged on newly constructed property, registration duty
is not always due.
Property Tax
Real Estate tax is charged annually by local authorities. This local tax is
charged on ownership or use of property and is based on the market value or
square footage of the property. These taxes vary between districts and will
normally be reviewed after five years. Some other small local service charges
exist.
For more information on Netherlands Property
and to arrange your viewing visit:
Dutch
Property Viewing Arrangements
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